Edmunds.com Strategies for Smart Car Buyers

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Format: Trade Paper
Pub. Date: 2005-02-22
Publisher(s): Edmund Pubns
List Price: $15.70

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Summary

This book outlines proven buying scenarios, clearly explaining the consumer's course of action in simple terms. The complex and sometimes frightening process of car buying is demystified in a comprehensive guide that covers: - How to choose the right car - New/used car-buying strategies - Getting a used car bargain - Avoiding the pitfalls of leasing - How to shop for insurance In addition, Strategies for Smart Car Buyers includes several appendices and a variety of new material to complete the buyer's research process, including: - The acclaimed investigative series, "Confessions of a Car Salesman," relating insider secrets in an entertaining account of two car dealerships - Monthly payment charts and monthly leasing payments - Expanded financing section detailing crucial contract dos and don'ts - Additional commentary throughout text from undercover car salesman Chandler Phillips - More in-depth information on trade-ins and lease-end strategies - Edmunds' latest consumer tool: "Smart Car Buyer" - Bonus section: "Verbal Self Defense" avoiding sales language pitches and traps - New section: "Safely Navigating eBay Auctions"

Author Biography

A trusted automotive resource since 1966, Santa Monica, California-based EDMUNDS.COM is now the Internet's pioneer and leader in providing free third-party automotive information, tools and services for consumers. PHILIP REED is a consumer advice editor at Edmunds.com and appears frequently on radio and television programs as an automotive expert.

Table of Contents

Introduction 11(2)
Finding the Right Car for You
13(26)
Begin Your Car-Buying Search
14(5)
How Much Can You Afford?
15(1)
The 20-Percent Rule
16(2)
Should You Buy a New or Used Car?
18(1)
New, Used or Lease?
19(14)
A Case for Used Cars
19(1)
The Benefits of Buying New
20(1)
Leasing vs. Buying
20(2)
Examine Your Needs
22(1)
A Car's Vital Statistics
23(3)
Arranging a Test-Drive
26(3)
How to Test-Drive a Car
29(1)
Evaluating Driving Characteristics
30(1)
What to Look For
30(3)
Test-Drive Checklist
33(1)
10 Steps to Finding the Right Car for You
34(5)
Buying a New Car
39(52)
What Kind of Buyer Are You?
40(4)
Different Strategies for Different Buyers
40(1)
Do you hate negotiating?
41(1)
Do car salespeople give you the creeps?
41(1)
Do you just want good reliable transportation?
42(1)
Will you be satisfied with a ``fair deal''?
42(1)
Do you like doing research and crunching numbers?
42(1)
Do you have lots of time to devote to carshopping?
43(1)
Car Prices---How Much Should You Pay?
44(6)
Introducing Edmunds.com True Market Value® Pricing
44(1)
How to Use TMV®
45(1)
Checking Incentives and Rebates
46(1)
How to Use Incentives
47(3)
Should You Trade in Your Used Car?
50(3)
If You Must Trade in
51(2)
Dealerships: Where Will You Buy Your Car?
53(6)
Evaluating Dealerships
53(2)
A Word About Small-Town Dealerships
55(4)
Locating the Car You Want to Buy
59(5)
The ``Flexible Shopper'' Approach to Car Buying
59(1)
The ``Specific Shopper'' Approach to Car Buying
60(1)
More About Using Dealer Locator
61(2)
Locating High-Demand Cars
63(1)
Final Thoughts
63(1)
Negotiating Basics
64(5)
The Ultimate Negotiating Weapon
65(1)
Arming Yourself With Figures
65(1)
Tips for Haggling
66(1)
Final Thoughts
67(2)
Primer for Young Car Buyers
69(9)
An Undercover Shopper Tests the Market
69(1)
Lesson #1: Know What You Want Before You Go
70(2)
Lesson #2: Arm Yourself with Pricing and Model Information
72(1)
Lesson #3: Be Confident, Be Yourself
73(2)
Lesson #4: Negotiating on Your Terms
75(1)
Lesson #5: Be Ready to Walk Away
76(2)
Alternative Buying Strategies
78(5)
Shopping On-line
78(1)
Traditional vs. Internet Car Shopping---Mystery Shopping Test Case
79(1)
Using the Telephone
80(1)
Using a Fax Machine---Get Bids for your Business
81(1)
Putting the Deal in Writing
82(1)
Final Thoughts
82(1)
10 Steps to Buying a New Car
83(7)
New Car Buying Checklist
90(1)
Buying a Used Car
91(31)
Why Buy Used?
92(1)
Used Car Markets
93(7)
New Car Dealerships
93(1)
How the Trade-in Process Works
93(1)
Used Car Lots
94(1)
Buying Used Cars From Private Parties
95(1)
Certified Used Cars
96(1)
Auctions and On-line Auctions
97(3)
Used Car Bargains: Demos, Rentals and Salvage Cars
100(4)
Program Cars
100(1)
Used Rental Car Lots
101(1)
Salvage Title Cars
102(1)
Other Used Car Markets
103(1)
Locating Good Used Cars
104(2)
Use the Phone to Pre-Qualify Prospective Used Cars
105(1)
Inspecting Used Cars: Avoiding Lemons, Buying Creampuffs
106(5)
The VIN Number Is the DNA of a Used Car
106(1)
Vehicle History Reports---A Growing Field
107(1)
Odometer Rollbacks
107(1)
Title Washing and Curbstoning
108(1)
Inspecting a Used Car Yourself
108(1)
Look at the Big Picture First
109(2)
Closing the Deal: Paperwork and the DMV
111(3)
10 Steps to Buying a Used Car
114(7)
Used Car Buying Checklist
121(1)
Leasing a Car
122(33)
How Leasing Works
123(5)
Simple Leasing Example
123(1)
Pros and Cons of Leasing
124(2)
Long-Range Impact of Leasing
126(1)
How Long Should Your Lease Be?
127(1)
What Goes Into Your Lease Payments
128(3)
Leasing's Hot Buttons
128(3)
How to Calculate Your Lease Payment
131(3)
Calculating a Sample Lease Payment
131(3)
How to Negotiate Your Best Lease
134(4)
Negotiating Redefined
134(1)
Pushing for Low Payments
134(2)
Other Negotiating Styles
136(1)
Incentives and Rebates
136(2)
Dissecting a Lease Deal---How to Spot a Good Lease
138(4)
The Lease Details
138(1)
Down Payment
139(1)
Mileage Limits
140(1)
Don't Forget Sales Tax
140(1)
Negotiating the Cap Cost
141(1)
Summary
141(1)
Successfully Managing Your Leased Vehicle
142(6)
Buying Your Lease Vehicle
143(1)
Tips on Buying Out a Leased Car
144(1)
Avoid Extra Expenses at Lease End
145(1)
Additional Leasing Tips
146(2)
10 Steps to Leasing a New Car
148(6)
Leasing Checklist
154(1)
Financing and Closing the Deal
155(20)
How to Get a Good Car Loan
156(5)
Prearrange Your Financing
157(1)
Financing Through a Dealer
158(3)
Putting the Deal in Writing: The ``F&I Room''
161(5)
Consider Dealer Financing
161(1)
Contract Extras and ``Gotchas''
162(2)
A Word on Warranties
164(1)
Closing the Deal
165(1)
Financing Pitfalls and Solutions
166(4)
10 Steps to Financing and Closing the Deal
170(4)
Financing Checklist
174(1)
Insuring Your Car
175(24)
How Insurance Works
176(2)
What is Your Attitude Toward Insurance?
176(2)
How Much Insurance Do You Need?
178(4)
Collision and Comprehensive Coverage
180(1)
Other Forms of Coverage
180(2)
How to Save Money on Auto Insurance
182(4)
Low-Risk Occupations
183(1)
Professional Organizations and Auto Clubs
183(1)
Combined Coverage and Renewal Discounts
183(1)
Discounts for Auto Safety Features
184(1)
Assume More Risk
184(1)
Final Thoughts
185(1)
What to Do After an Accident
186(4)
Action Plan to Deal with Accidents
186(2)
Final Thoughts
188
How Much Insurance Does Your State Require?
179(10)
10 Ways to Prevent Accidents
189(1)
Accident Information Forms
190(3)
10 Steps to Buying Auto Insurance
193(5)
Insuring Your Car Checklist
198(1)
How to Sell Your Car
199(30)
Your Car Might Be Worth More Than You Think
200(2)
One Man's Used Car Story
200(1)
Get Ready to Cash In
201(1)
Get Your Car Ready to Sell
202(6)
Uncovering Your Car's Value
202(2)
To Fix or Not to Fix
204(1)
Handling Problems
205(1)
Setting Your Price
205(1)
Writing an Ad for Your Car
206(1)
Moving to the Next Step
207(1)
Showing Your Car to Buyers
208(5)
Taking Calls From Buyers
208(2)
Handling Callers' Questions
210(1)
Setting Up an Appointment
211(1)
After the Test-drive
212(1)
Negotiating and Closing the Deal
213(5)
Opening Negotiations
213(1)
Making a Counteroffer
214(1)
Getting Paid
215(1)
Filing the Paperwork
215(1)
After the Sale
216(2)
Selling Rare and Exotic Cars
218(4)
Preparing Your Car for Sale
219(1)
Where to Advertise
219(1)
Selling Rare or Exotic Cars on eBay
220(2)
10 Steps to Selling Your Car
222(6)
Selling Your Car Checklist
228(1)
Appendix: Web Sites for State Motor Vehicle Departments
229(3)
Confessions of a Car Salesman
232(62)
Introduction
233(1)
Going Undercover
234(5)
Getting Hired
239(8)
Meeting, Greeting and Dealing
247(11)
Life on the Lot
258(5)
A Tale of Two Deals
263(10)
Learning From the Pros
273(8)
No-Haggle Selling
281(7)
Parting Shots
288(6)
Car Lot Lingo 294(4)
Glossary 298(6)
What is the ``Kelley Blue Book'' Price? 304(2)
Checklists (for copying) 306(8)
About the Authors 314(1)
Index 315

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